Entrepreneurship Hour: ?TheBrandCoach? Network Daily Entrepreneurship Case Scenarios_ Thursday 31st October 2024.
Entrepreneurship Hour: ?TheBrandCoach? Network Daily Entrepreneurship Case Scenarios_ Thursday 31st October 2024.
CASE SCENARIO ONE
#abillionlivesgloballymission
You're fostering innovation in your team. How do you balance risk and responsibility for success?
Have a score card!
As an entrepreneur out to foster innovation in your team; the way to balance risk and responsibilities for success in your team is to have a score card.
A score card will include a checklist for monitoring and evaluation.
You will be in a good position to measure impact against progress
This will inform on how much more risk you can take on without caving to continue to innovate sustainably.?
CASE SCENARIO TWO
#abillionlivesgloballymission
Facing financial setback in Entrepreneurship?
Breathe in. Then out. Calm down and embrace cost balancing strategies!
As an entrepreneur facing financial setbacks; the most common reaction is to freak. With freaking comes panic reactions leading to more progress towards danger zone.
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However; in this situation; it's good to breathe in. Then out. Calm down and embrace cost balancing strategies. Don't go cost cutting route. Go cost balancing direction such that you just re-appropriate costs and effect key adjustments to stay afloat.
CASE SCENARIO THREE
#abillionlivesgloballymission
A new market trend is shaking up your industry. How will you pivot your business model?
Craft and curate a unique Value Preposition!
You're in enterprise and boom! A new market trend is shaking up your industry.? You didn't see this coming. Not at all. So did most people. But how will you pivot your business model for sustainability?
My advice Craft and curate a unique value Preposition.
Also known as a unique Selling point; a unique value Preposition will give you identity.? When everyone is clinging on the wind; you'll stand out and tall in the crowd. And win!
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#TBCNetworkEntrepreneurshipHr
#winstontony
?TheBrandCoach?
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